GAIL Buyback 2020, Buyback Price With Record Date and Other Details

GAIL has announced a buyback of 6,97,56,641 equity shares for an aggregate amount of not more than Rs.1046 crores with a pricing of Rs.150 per share. The proposal was approved by the board of GAIL In the meeting held on 15 Jan 2021

In order to shore up the government’s disinvestment proceeds, GAIL (India) Limited is soon going to announce a share buyback, said sources

Government owned Gas Authority of India Ltd (GAIL) will soon come up with a buyback offer, Sources said. GAIL will be contributing to the Government’s disinvestment target. GAIL is likely to announce the buyback at a price range of Rs 120 to Rs 130 per share which is at a premium of 20% to 30%.

At the end of FY20, GAIL’s reserves and surplus stood at Rs 37,500 crore. The net cash at the end of the September quarter was Rs 3,000 crore.


    GAIL BuyBack 2020 Offer Deal:

    Buyback Type: Tender Offer
    Buyback Offer Amount Rs.1046 Cr.
    Buyback Start Date 28 Jan  2021
    Last Date of BuybackJan 2021
    Date of Public Announcement: 15 Jan 2021
    Buyback Offer Size: 1.15%
    Buyback Number of shares: 6,97,56,641
    Price Type: Tender Offer
    FV: Rs. 10 Per Equity Share
    Buyback Price: ₹  150 Per Equity Share

    GAIL buyback of  6,97,56,641 equity shares which is around 1.15of all the existing number of equity shares at a price of ₹ 150 per equity share. The buyback offer not exceeding of ₹ 1046 cr. of total buyback offer size.

    Note: If anything you want to know about the buyback offer you can refer the GAIL buyback offer documents. Click Here


    GAIL Buyback Important Dates

    Buyback ActivityDate
    Board Meeting for GAIL Buyback proposal15-01-2021
    GAIL Buyback Approval date15-01-2021
    Public Announcement of  Buyback18-01-2021
    Buyback Record Date28-01-2021
    Buyback opens on/Buyback Opening Date25-02-2021
    Buyback closes on/Buyback Closing Date10-03-2021
    Cut-off date to receive completed tender forms by Registrar12-03-2021
    Cut-off date for verification by the Registrar17-03-2021
    Cut-off date to inform Stock Exchange on acceptance or
    non-acceptance of tendered Equity Shares by Registrar
    Last date of settlement of bids on the stock exchange19-03-2021
    Last date to return unaccepted shares by Registrar19-03-2021
    Last date of extinguishment of Equity Shares26-03-2021

    GAIL India LTD Shareholding Pattern as of ( Sep 2020 )

    Holder’s Name No of Shares % Share Holding
    No Of Shares 4510141866 100%
    Promoters 2334449987 51.76%
    Foreign Institutions 675980232 14.99%
    N Banks Mutual Funds 474880287 10.53%
    Central Govt. 372612912 8.26%
    Others 28439143 0.63%
    General Public 169610543 3.76%
    Financial Institutions 423984736 9.40%

    About GAIL Company

    The Company was incorporated on 16th of August. The Gas Authority of India Ltd. (GAIL), one of India’s leading Public Sector Enterprises, is the largest gas transmission and marketing company in the Country. The Company, possessing a well developed and efficient infrastructure, was established as a wholly owned Company of the Government of India in August, 1984 with 100% equity held by the Government of India and, within a short time, it has grown into one of the ‘Navratna’ enterprises and is ranked among the top ten companies in India. The various activities of the Company range from Gas marketing and distribution through trunk and regional systems, to retailing of Natural Gas to Gas processing for production and marketing of LPG, liquid hydrocarbons and Petrochemicals.

    The equity pattern in the Company has also changed and the Government today holds about 67% of the equity in the Company.

    GAIL has formed Subsidiaries and Joint Venture companies for City Gas Distribution and Petrochemicals. GAIL is one of the pioneers to introduce City Gas Projects in India for gas supplies to households, commercial users and for the transport sector by forming Subsidiaries/ Joint Venture Companies.

    GAIL Buyback Registrar

    Unit: GAIL (India) Limited
    F-65, Okhla Industrial Area
    Phase – I
    New Delhi – 110 020

    Ph: 011-41406149/50/51/52
    Fax: 011-41709881


    GAIL Contact  Details

    GAIL (India) Limited
    16, Bhikaiji Cama Place,
    R.K. Puram,
    New Delhi – 110 066Ph: 011-26172580, 26182955
    Fax: 011-26185941For Retail Investors
    Shri A.K.Jha, (Company Secretary)

    How to Participate in buyback?

    1. Firstly, to be eligible for the buyback the investor should have shares of GAIL in demat or physical form as on record date 28-01-2021.

    2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not Announced], by selling your shares through your broker on NSE or BSE.

    3. Then on [Not Announced] the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account. 

    GAIL Buyback 2021 FAQs:

    When is GAIL Buyback opening Date?
    GAIL buyback 2021 opening date is 25 February 2021

    When is GAIL Buyback Closing Date?
    GAIL buyback 2021 Closing date is  10 March 2021.

    What is GAIL Buyback Price?
    The company has fixed the price at ₹ 150

    How to apply for GAIL Buyback 2020?
    As per the record date you need to have GAIL shares in your demat account. You can participate in buyback after having the stock in your account.